We assign a technical rating of 10 out of 10 to NEWP. Both in the recent history as in the last year, NEWP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NEWP did better than 97% of all other stocks. On top of that, NEWP also shows a nice and consistent pattern of rising prices.
- NEWP is part of the Metals & Mining industry. There are 156 other stocks in this industry. NEWP outperforms 80% of them.
- NEWP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEWP is lagging the market slightly.
- In the last month NEWP has a been trading in the 3.28 - 4.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEWP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.85. Right above this resistance zone may be a good entry point.
More info and screens
2.14
3 important support areas can be observed.
- A support zone ranging from 3.42 to 3.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.48 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.16 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.85 to 3.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NEWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEWP is up. |
| ChartMill Relative Strength | 97.97 | POSITIVE | NEWP has a high relative strength, it outperformed 97.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEWP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.98 | NEUTRAL | The RSI value for NEWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NEWP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.65 | NEUTRAL | The Stochastics value for NEWP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for NEWP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for NEWP suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.88 | 3.41 | 0.47 (12.11%) | 8.26% |
| An entry @3.88. This is a Buy Stop order right above the resistance zone. | An exit @3.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 12.11%. | When investing 8.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.76
+0.06 (+1.62%)
NEW PACIFIC METALS CORP / NEWP FAQ
Can you provide the ChartMill technical rating for NEW PACIFIC METALS CORP?
ChartMill assigns a technical rating of 10 / 10 to NEWP.
What is the trend direction for NEWP stock?
The current trend direction for NEW PACIFIC METALS CORP (NEWP) is Bullish.
What is the RSI signal for NEWP stock?
NEW PACIFIC METALS CORP (NEWP) has an RSI value of 59.976. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEW PACIFIC METALS CORP?
The short term momentum for NEW PACIFIC METALS CORP (NEWP) is positive.
What are the support and resistance levels for NEW PACIFIC METALS CORP (NEWP) stock?
NEW PACIFIC METALS CORP (NEWP) has a support level at 3.42 and a resistance level at 3.85. Check the full technical report for our detailed analysis of NEWP support and resistance levels.